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Asset/Investment Management
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Investments

28

Portfolio Exits

11

Funds

5

About MIC Capital

MIC Capital II, LLC (MIC CAP II) is a fund that invests in commercial and residential real estate transaction, trust deeds, and real estate development projects and Western United States.

MIC Capital Headquarters Location

Irvine, California, 92612,

United States

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Latest MIC Capital News

Mubadala’s Fund Invests in Finablr, Board Moves for Insolvency

Mar 17, 2020

MIC Capital Partners, a fund owned by Abu Dhabi state investor Mubadala, has acquired a minority stake in Finablr, a United Kingdom-based payments and foreign exchange (forex) platform. Reported by Reuters on Tuesday, the fund has taken 3.4 percent of the total stakes in the company. “They have taken a stake, over the past several weeks, in Finablr, reaching a level of disclosure required by the regulators,” a spokesperson of the Finablr Group told the publication. Notably, the company was founded by UAE-based billionaire BR Shetty, who also holds majority shares in the company. The investment came at a time when the UK-based company is on the verge of collapse following the stepping down of its chief executive Promoth Manghat. Given the struggles of the company, Manghat agreed to stay in the company until a new successor replaces him. Suggested articles How Has Coronavirus Affected the Forex Markets? Go to article >> The ongoing financial crisis of the company along with the recent market troubles caused by the COVID-19 outbreak made a massive dent on the company with concerns of its existence. Preparing for the worst The board of the company has also appointed an accountancy company for the task of insolvency. “Following the announcement on 16 March 2020 with respect to Finablr’s present liquidity situation and ongoing discussions with its lending banks, the Board of Finablr has engaged an accounting firm to undertake rapid contingency planning for a potential insolvency appointment with a view to maximizing value in the Group,” an official statement by the company on the  London Stock Exchange (LSE) read. This came after the board recently discovered $100 million in cheques written by group companies before the company’s initial public offering (IPO) last year and are suspecting their usage as security for financing arrangements for the benefit of third parties. Meanwhile, all the shares of the company were also suspended for trading. Share this article

MIC Capital Investments

28 Investments

MIC Capital has made 28 investments. Their latest investment was in ObjectVideo as part of their Unattributed VC - II on January 1, 2011.

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MIC Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/18/2011

Unattributed VC - II

ObjectVideo

$27.75M

No

5/9/2005

Series C

Spherics

$26.4M

Yes

4/13/2004

Series C

AGY Therapeutics

$40.3M

Yes

1/22/2003

Series B

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0

12/16/2002

Unattributed VC

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$99M

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0

Date

1/18/2011

5/9/2005

4/13/2004

1/22/2003

12/16/2002

Round

Unattributed VC - II

Series C

Series C

Series B

Unattributed VC

Company

ObjectVideo

Spherics

AGY Therapeutics

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Amount

$27.75M

$26.4M

$40.3M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

0

0

MIC Capital Portfolio Exits

11 Portfolio Exits

MIC Capital has 11 portfolio exits. Their latest portfolio exit was ObjectVideo on March 13, 2017.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/13/2017

Acquired

$99M

1

5/29/2012

Acquired

$99M

1

5/25/2011

Acq - P2P

$99M

9/20/2010

Acq - P2P

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$99M

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0

4/8/2008

Acquired

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$99M

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10

Date

3/13/2017

5/29/2012

5/25/2011

9/20/2010

4/8/2008

Exit

Acquired

Acquired

Acq - P2P

Acq - P2P

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

1

0

10

MIC Capital Fund History

5 Fund Histories

MIC Capital has 5 funds, including MIC Capital Partners III Parallel (Cayman).

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/18/2020

MIC Capital Partners III Parallel (Cayman)

$1,100M

2

12/18/2020

MIC Capital Partners (Brazil Special Opportunities) 3

10

MICCP (Brazil Special Opportunities) Feeder

10

MIC Capital Partners (Brazil Special Opportunities) 1

10

MIC Capital Partners (Brazil Special Opportunities) 2

10

Closing Date

12/18/2020

12/18/2020

Fund

MIC Capital Partners III Parallel (Cayman)

MIC Capital Partners (Brazil Special Opportunities) 3

MICCP (Brazil Special Opportunities) Feeder

MIC Capital Partners (Brazil Special Opportunities) 1

MIC Capital Partners (Brazil Special Opportunities) 2

Fund Type

Status

Amount

$1,100M

Sources

2

10

10

10

10

MIC Capital Team

1 Team Member

MIC Capital has 1 team member, including current Founder, John Hall.

Name

Work History

Title

Status

John Hall

KPMG, ABN AMRO Bank, Arthur Andersen, and Citibank

Founder

Current

Name

John Hall

Work History

KPMG, ABN AMRO Bank, Arthur Andersen, and Citibank

Title

Founder

Status

Current

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